Tokens need Nasdaq-style secondary markets
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Crypto has world-class launchpads and some of the most liquid spot markets in the world. New tokens can get minted, listed, and traded almost instantly. Once the unlocking or vesting contracts clear, there is plenty of liquidity for them to move.
Summary
- Crypto lacks a “mid-life market” for tokens: Between issuance and spot trading, billions in locked and vested tokens trade off-chain in opaque OTC deals, distorting prices and disadvantaging retail.
- This gap undermines…
